Applications on Telos

The Telos blockchain has a diverse and vibrant dApp ecosystem that fully utilizes its high performance and powerful security features. This ecosystem covers applications in various fields:

Decentralized Finance (DeFi)Telos supports a rich DeFi ecosystem, including decentralized exchanges (DEXs), lending platforms, yield farms, etc. The platform aims to facilitate fast transactions and ultra-low fees, attracting a large number of DeFi projects that leverage its scalable infrastructure.

Games and MetaverseTelos actively expands into the gaming and metaverse fields, providing a foundation for games and virtual worlds that require high transaction throughput and interactive user experience.

NFT and digital assetsThis blockchain supports various NFT markets and infrastructure projects, enabling creators and users to efficiently and securely trade and manage non-fungible tokens.

Social Media and DAOOn Telos, decentralized autonomous organizations (DAOs) and social media platforms leverage the decentralization and transparency of blockchain to ensure user governance and data integrity.

Oracle and infrastructure servicesTo support dynamic and flexible decentralized application (dApp) functionality, Telos integrates oracle technology and provides robust infrastructure services to enhance the usability and coverage of decentralized applications.

The use of oracles in Telos

Oracle is the lifeline for decentralized applications (dApps) that require external data to execute smart contracts. Whether it is obtaining the latest cryptocurrency prices for decentralized finance (DeFi) protocols or providing weather data for agricultural insurance contracts, the oracle ensures that dApps can operate based on accurate and timely information. Without oracles, the practicality of blockchain technology would be greatly limited and would only be able to handle data that already exists within the blockchain.

DIA

DIA (Decentralized Information Asset) stands out in the oracle field because of its commitment to transparency and high degree of customization. DIA directly retrieves a large amount of data from sources instead of relying on third-party data aggregators, thus maintaining the purity and verifiability of the data source. This not only enhances trustworthiness but also allows users to tailor data streams to the specific needs of different dApps, whether they are complex financial instruments or simple transaction verifications. Integrating DIA into Telos provides developers with tools to leverage extensive data inputs, ensuring that these applications are as powerful and flexible as their centralized counterparts.

Supra Oracle

Supra oracles extend the capabilities of Telos to connect Telos with other blockchains with a fast, secure, and decentralized data solution. Its ability to provide real-time data across chains is critical to the growing number of cross-chain decentralized finance (DeFi) applications that rely on stable and reliable information to function effectively. For Telos, the integration of Supra means greater connectivity with the broader blockchain ecosystem, enabling it to serve as a foundational platform for multi-blockchain applications, expanding the scope and utility of its native decentralized applications.

Redstone

The innovation of Redstone lies in its flexible data delivery method, offering three different modes tailored to the needs of different decentralized applications (dApps). This flexibility ensures that Redstone can meet the needs of dApps, whether they require low-cost, low-latency data or complex, zero-latency solutions for high-risk financial transactions. By adopting Redstone, Telos can provide its dApp developers with more detailed data usage methods, optimize resource utilization, and reduce costs. This capability is crucial for maintaining efficiency and competitiveness in environments where transaction costs may significantly impact user adoption and dApp survival.

Interoperability feature

One key feature of the Telos ecosystem is its commitment to interoperability, which is achieved through partnerships with protocols like LayerZero. This enables seamless transfer of assets and data between different blockchain networks, greatly enhancing the practicality and accessibility of Telos in a wider blockchain ecosystem.

Technical Foundation

Telos continues to push the boundaries of blockchain technology, developing technologies such as zero-knowledge proofs in privacy and security. The platform's infrastructure is also constantly upgrading to support the latest blockchain technology, ensuring it remains at the forefront of the industry.

Community and developer support

Telos attaches great importance to community participation and developer support. By providing comprehensive toolkits, guides, and a welcoming community, the platform ensures that developers have everything they need to build, launch, and manage their dApps (decentralized applications). This supportive environment fosters innovation and growth within the Telos ecosystem.

The Telos ecosystem demonstrates the versatility of its platform and its ability to support a wide range of blockchain applications, making it an important participant in driving the decentralized and interconnected digital future.

Partnership and Integration

Telos actively participates in strategic partnerships to expand its ecosystem and enhance its technical capabilities. Notable partnerships include:

Atka CooperationTelos is collaborating with Atka, a Web3 incubator based in Paris, to deepen the integration of Telos with the European blockchain community, particularly in France and the Ethereum ecosystem. Atka supports various Web3 projects, which may bring new developers and innovations to the Telos network.

StreamNFT CollaborationTelos partners with StreamNFT to enhance the utility of NFTs in the Telos ecosystem. StreamNFT introduces features such as NFT rental and lending, adding a liquidity layer to digital assets. This collaboration highlights the functionality of NFTs beyond traditional use cases, providing asset holders with more flexible management and profit options.

Product development

Telos continues to innovate through new product releases and technological advancements, ensuring that it is always at the forefront of blockchain technology:

• Telos EVM 1.5:This update is a significant enhancement for the Telos blockchain, focusing on improving scalability, developer tools, and overall network performance. The EVM 1.5 update aims to better support the growing demand for decentralized applications on Telos by optimizing system operations and expanding the Solidity instruction set.

• SNARKtor Project:The project is developed in collaboration with IOHK to innovate the efficiency and security of SNARK verification. This technology is crucial for enhancing the privacy and scalability of blockchain, providing developers with a more powerful and efficient framework for building secure applications on Telos.

These strategic initiatives highlight Telos' commitment to maintaining its leading position in the blockchain field and driving innovation through a rich and diverse ecosystem of applications and services. Through these partnerships and product developments, Telos not only strengthens its own platform but also provides valuable tools and opportunities for developers and users in the network.

Community and Governance

Telos places a strong emphasis on community engagement and boasts a robust governance structure that empowers token holders to actively participate in the decision-making process. The Telos network adopts a decentralized governance model facilitated by the Telos Decide Governance Engine. This engine supports on-chain voting, allowing $TLOS token holders to vote on various proposals, including network upgrades and resource allocation.

Community engagement is enhanced through ongoing updates and initiatives designed to maintain transparency and engagement. The Telos Foundation actively shared these updates using multiple platforms such as Discord and X (formerly Twitter), fostering a vibrant atmosphere of community conversation.

Governance Structure

Telos' governance model is advanced and participatory, with the following features:

• On-chain VotingTLOS holders can draft, propose, and vote on important governance decisions on the blockchain. This process ensures that all changes to the network, such as modifications to system contracts, undergo thorough review, including code review and approval from block producers.
• Block Producer Voting: The network uses a reverse-weighted voting system to elect block producers, encouraging broader participation and increasing knowledge of the candidates. This system is designed to prevent centralization and ensure that the network is made up of a diverse pool of validators.
• Participation StandardBlock producers must meet high standards related to security, server capacity, and community involvement to become candidates. These standards are enforced through smart contracts to ensure that only qualified candidates can serve as block producers.

The role of tokens in governance

The $TLOS token is not only used to pay for transaction fees and resource allocation, but also plays a crucial role in governance activities. Token holders use $TLOS to vote on proposals, elect block producers, and participate in other governance-related activities, making the token a core element of the Telos governance ecosystem.